Kingsview Wealth Management LLC Has $282,000 Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Kingsview Wealth Management LLC lessened its holdings in Stifel Financial Corp. (NYSE:SF) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,656 shares of the financial services provider’s stock after selling 264 shares during the period. Kingsview Wealth Management LLC’s holdings in Stifel Financial were worth $282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SF. Waldron Private Wealth LLC acquired a new stake in shares of Stifel Financial in the third quarter worth $34,000. GAMMA Investing LLC boosted its position in shares of Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after buying an additional 109 shares during the period. Versant Capital Management Inc boosted its position in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after buying an additional 145 shares during the period. Mather Group LLC. raised its holdings in shares of Stifel Financial by 14.6% during the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 90 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Stifel Financial by 148.1% during the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 717 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SF. Citigroup increased their price objective on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. TD Cowen increased their price objective on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. JMP Securities increased their price objective on Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. UBS Group increased their price objective on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. assumed coverage on Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $117.71.

Stifel Financial Trading Up 1.6 %

Shares of NYSE:SF opened at $110.50 on Friday. The company has a market cap of $11.31 billion, a P/E ratio of 17.71 and a beta of 1.11. The stock’s 50-day moving average is $110.00 and its 200-day moving average is $101.62. Stifel Financial Corp. has a 52-week low of $72.78 and a 52-week high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Equities research analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.46 dividend. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Monday, March 3rd. Stifel Financial’s dividend payout ratio (DPR) is currently 29.49%.

Stifel Financial Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.